Hundreds of employees, dealers, investors, analysts, members of the media, and decision-makers are gathered by General Motors Co. to learn more about the company’s plan to increase sales of electric vehicles (EVs) fast, effectively, and profitably.
Modular propulsion and a highly adaptable third-generation global EV platform, both powered by exclusive Ultium batteries, are at the core of General Motors’ approach. They will enable the business to compete with almost any consumer on the market right now, whether they’re seeking work trucks, high-performance machinery, or luxury experiences.
GM has revealed a new spin-off company, GM Energy, that’s expanding its portfolio into energy management services. Think of large stationary batteries to store rooftop-generated solar electricity in a home or office.
With “solutions ranging from bi-directional charging, vehicle-to-home (V2H) and vehicle-to-grid (V2G) applications, to stationary storage, solar products, software applications, cloud management tools, microgrid solutions, hydrogen fuel cells, and more,” according to GM’s announcement. The new venture will be made up of three smaller ones: Ultium Home, Ultium Commercial, and Ultium Charge 360.
Ultium Commercial may make the switch to an electric fleet easier for enterprises. According to Mark Bole, vice president and head of GM’s V2X Battery Solutions, many of these current GM customers “have fleets of vehicles and are wanting to electrify their fleets, but aren’t really aware of how to set up the charging infrastructure, how to manage their energy,” last week. So, in addition to providing hardware and software, we also serve as a kind of strategic advisor for these business customers.
Additionally, GM is handing Ultium Charge 360, its network of public charging stations, over to GM Energy. In California, Florida, and Washington, Charge 360 began operations in 2021. For “more frictionless access” for vehicles, GM collaborated with Blink Charging, ChargePoint, EV Connect, EVgo, FLO, Greenlots, and SemaConnect to streamline their combined 60,000-plug network of 350 kW Level 3 DC fast chargers.
The automaker recently expanded on that network by announcing a 500-station “coast-to-coast” expansion in collaboration with EVGo. By 2025, GM plans to have 2,700 of these EV rapid charging stations.
Operating under the Ultium Charge 360 brand throughout the United States and Canada.
In 2021, Tesla was the market leader in the US. The race is on!